$375,000
Schenectady, NY 12305
MLS# 202614157
3 beds
1 / 64
Property Description
Welcome to 703 Union Street, a mixed use property offering both a successful restaurant on the first floor and a fully updated apartment above. The ground level is home to Termeh Persian Restaurant, a well known local favorite with over 60 five star reviews and a strong repeat customer base. The restaurant is fully equipped, with all kitchen appliances, hood system, and ventilation up to code, making this a true turn key opportunity for a new owner. The second floor apartment offers three bedrooms, one full bath, and a large family room with views of Union Street. It is perfect for an owner occupant or as an additional rental unit for extra income. Both the building and the business are included in the sale, making this a great fit whether you are an investor or someone looking to operate their own restaurant in a proven location. Additional features include off street parking, handicap accessible entry, and excellent street visibility. This section of Union Street continues to see steady development and growth, and the property is located just minutes from Union College, adding to its long term value and demand. A rare chance to own a true turn key mixed use property with both residential and commercial income.
Details
Maps
Contract Information
Original List Price: 405000
List Price/SqFt: 145.46
Status: Active
Property Sub Type: Duplex
List Price: $375,000
Current Price: $375,000
Listing Contract Date: 2026-03-31
Location
City/Town (Mail): Schenectady
Street Number: 703
Street Name: Union
Street Suffix: Street
County: Schenectady
State/Province: NY
Postal Code: 12305
Geo Lat: 42.816068
Geo Lon: -73.935496
Property Detail
Rooms Total: 7
Bathrooms Half: 2
Garage Spaces: 0
Above Grade Finished Area: 2578
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2578
Zoning: Commercial
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: Yes
Bedrooms Total: 3
Bathrooms Full: 1
Year Built: 1900
Parcel, Tax, HOA
Parcel Number: 421500 39.65-3-23
Tax Annual Amount: 5467
Tax Section: 39.65
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 23.000
School District: Schenectady
High School: Schenectady
Association Y/N: No
Directions & Remarks
Directions: One block west of Union College, just before the corner of Lafayette/Park (same side as Union College).
Public Remarks: Welcome to 703 Union Street, a mixed use property offering both a successful restaurant on the first floor and a fully updated apartment above. The ground level is home to Termeh Persian Restaurant, a well known local favorite with over 60 five star reviews and a strong repeat customer base. The restaurant is fully equipped, with all kitchen appliances, hood system, and ventilation up to code, making this a true turn key opportunity for a new owner.
The second floor apartment offers three bedrooms, one full bath, and a large family room with views of Union Street. It is perfect for an owner occupant or as an additional rental unit for extra income.
Both the building and the business are included in the sale, making this a great fit whether you are an investor or someone looking to operate their own restaurant in a proven location.
Additional features include off street parking, handicap accessible entry, and excellent street visibility. This section of Union Street continues to see steady development and growth, and the property is located just minutes from Union College, adding to its long term value and demand.
A rare chance to own a true turn key mixed use property with both residential and commercial income.
Sewer
Public Sewer: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Doors: 1
Accessible Full Bath: 1
Accessible Hallway(s): 1
Customized Wheelchair Accessible: 1
Other: 1
Architectural Style
Other: 1
Townhouse: 1
Electric
200+ Amp Service: 1
Financial Details
General Taxes: 2563.4
General Taxes Description: Actual
School Taxes: 2904.5
School Taxes Description: Actual
Attic Features
No Attic Access: 1
Cooling
Central Air: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 2nd
Half Bath 1: 1st
Half Bath 2: 1st
Construction Materials
Vinyl Siding: 1
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Other: 1
Flooring
Hardwood: 1
Laminate: 1
Showing Requirements
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 6
Separate Utilities
Electric: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 3
Total Half Baths MF Unit 1: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Total Bedrooms: 3
Status Change Info
Status Change Date: 2026-03-31
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Full Bath; Accessible Hallway(s); Customized Wheelchair Accessible; Other
Architectural Style: Other; Townhouse
Attic Features: No Attic Access
Basement: Full
Construction Materials: Vinyl Siding; Other
Cooling: Central Air
Electric: 200+ Amp Service
Exterior Features: Other
Flooring: Hardwood; Laminate
Heating: Forced Air; Natural Gas
Possession: At Closing
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Gucciardo Real Estate LLC
Listing Agent: Pavel Karakalchu
518-728-6305 | Karakalchup@gmail.com
518-728-6305 | Karakalchup@gmail.com
